19 Pike PointWaynesvilleNC28785
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Waynesville at 19 Pike Point, Waynesville, NC, 28785 with 5% annual appreciation on a $100,700 basis while $1,781/mo rent supports operations. Total monthly income totals $1,781/mo and a $493/mo payment preserves $1,142/mo for cash returns. Annual cash flow comes to $13,706/yr on $33,382 deployed, and return on cash invested reaches 60.97% in year one. Equity gained on principal adds $650/yr, and five-year appreciation sums $27,822 alongside rental yield of 21.22%. Five-year ROI measures 323.37% and total cumulative return in cash totals $107,948.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,781/mo property income versus a $493/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1995
6,800 sqft lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28785, Waynesville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,364 (100%) |
| Owner Occupied HU | 3,217 (60.0%) |
| Renter Occupied HU | 682 (12.7%) |
| Vacant Housing Units | 1,465 (27.3%) |
| Median Home Value | $349,783 |
| Average Home Value | $420,626 |
Housing Distribution
Address Breakdown
Residential
4,535
Single Family
4,535
Multi-Family
0
Businesses
107
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Nearby investment properties with comparable prices
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